Inter Parfums, Inc. Reports Record 2023 Fourth Quarter and Full Year Net Sales

Inter Parfums, Inc. (NASDAQ GS: IPAR) (“Inter Parfums” or the “Company”) today announced that for the three months and full year ended December 31, 2023, net sales rose 6% to $329 million and 21% to $1.32 billion, from the same periods in 2022, respectively.

Net Sales:

($ in millions; data may not foot due to rounding)

Three Months Ended
December 31,

Year Ended
December 31,

 

2023

2022

% Change

2023

2022

% Change

Total Inter Parfums, Inc.

$329

$311

6%

$1,318

$1,087

21%

European based product sales

$200

$197

2%

$862

$744

16%

United States based product sales

$128

$114

13%

$456

$343

33%

At comparable foreign currency exchange rates, consolidated net sales for the three months and year ended December 31, 2023, increased 4% and 20%, respectively, compared to the same periods in 2022. Of note, the average dollar/euro exchange rate for the 2023 fourth quarter was 1.08 compared to 1.02 in the fourth quarter of 2022, while for the full year, the average dollar/euro exchange rate for 2023 was 1.08 compared to 1.05 in 2022, leading to a positive 2% foreign exchange impact for the fourth quarter and 1% for the full year.